Terran Orbital (NYSE:LLAP) Posts Earnings Results, Misses Expectations By $0.09 EPS

Terran Orbital (NYSE:LLAP) announced its quarterly earnings results on Tuesday. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.09), Zacks reports. The firm had revenue of $27.24 million for the quarter, compared to analysts’ expectations of $41.67 million. During the same quarter in the previous year, the firm posted ($0.31) earnings per share.

Terran Orbital Stock Performance

LLAP stock opened at $0.97 on Thursday. Terran Orbital has a one year low of $0.62 and a one year high of $1.84. The company’s fifty day moving average price is $1.25 and its 200-day moving average price is $1.03. The company has a market capitalization of $195.15 million, a PE ratio of -1.05 and a beta of 2.24.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LLAP shares. B. Riley lowered their price objective on shares of Terran Orbital from $1.35 to $1.00 and set a “neutral” rating on the stock in a research note on Monday, March 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $7.00 price objective on shares of Terran Orbital in a research note on Wednesday. Finally, HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target on shares of Terran Orbital in a report on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.07.

About Terran Orbital

Terran Orbital Corporation manufactures and sells satellites for aerospace and defense industries in the United States and internationally. The company offers end-to-end satellite solutions. It engages in the integrated design, manufacture, and assembly of satellites; and management, operation, and provision of information from satellites that are on-orbit on behalf of its customers from its in-house mission operations centers and integrated international ground communications network using its proprietary software both on the satellite and throughout its ground infrastructure.